Karooooo Ltd. key statistics and ratios

In fiscal 2026, Karooooo Ltd. had return on equity of 30.1%, an operating margin of 25.8%, debt equal to 13.7% of equity and a current ratio of 1.06. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Karooooo Ltd.: financial ratios, annual
Fiscal year	2019Feb 2019	2020Feb 2020	2021Feb 2021	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026
Gross margin	71.4%	70.4%	70.7%	66.4%	64.8%	64.0%	70.1%	68.0%
Operating margin	29.5%	32.5%	31.7%	25.5%	25.1%	24.8%	28.7%	25.8%
Net margin	14.0%	14.9%	13.9%	16.4%	17.0%	17.6%	20.2%	18.1%
Free-cash-flow margin	3.0%	26.4%	20.1%	13.8%	15.6%	1.9%	19.9%	14.8%
Return on equity	29.6%	34.4%	34.3%	31.0%	25.2%	26.4%	30.9%	30.1%
Return on assets	—	16.9%	12.5%	15.5%	17.7%	18.4%	20.3%	17.9%
Asset turnover	—	1.13	0.90	0.94	1.04	1.05	1.00	0.99
Current ratio	—	1.39	0.93	1.79	1.85	1.55	1.14	1.06
Debt to equity	—	0.0%	3.4%	0.6%	0.0%	1.6%	9.8%	13.7%
Interest cover (operating income ÷ interest)	—	37.5x	78.1x	66.2x	98.0x	90.1x	35.6x	29.1x
Effective tax rate	23.4%	28.1%	28.5%	30.1%	31.9%	29.2%	24.8%	25.6%
R&D as % of revenue	2.9%	2.3%	4.4%	5.4%	5.0%	5.0%	5.0%	4.8%
Capital spending as % of revenue	24.9%	20.0%	20.9%	20.1%	16.5%	20.8%	22.4%	21.1%
Free cash flow ÷ net income	21.2%	176.8%	144.5%	84.2%	91.6%	10.7%	98.9%	81.4%
Dividends ÷ net income	62.7%	31.7%	131.4%	—	55.5%	67.7%	66.5%	69.8%
Dividends and buybacks ÷ free cash flow	295.9%	18.0%	90.9%	—	60.6%	634.8%	67.2%	85.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · February 28, 2026

What it owns · $364m

Short-term assets $111mLonger-term assets $253m

What it owes, and who funded it · $361m

Short-term liabilities $105mLonger-term liabilities $50mShareholders' equity $206m

Short-term assets cover short-term liabilities $111m of assets due within a year against $105m of liabilities due within a year.
Short-term assets cover long-term liabilities $111m short-term assets against $50m of longer-dated liabilities.
More cash than debt $72m of cash against $28m of debt.
Debt below 40% of shareholders' equity Debt is 14% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $113m of operating cash flow against $28m of debt.
Operating profit covers interest at least five times over Operating income of $81m against $3m of interest.

From Karooooo Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Karooooo Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Karooooo Ltd.